|
"Everything depends on how you value the security," Litan said. "If you do the deposit insurance scheme, there's nobody out there to know what the right price is." The House conservatives' plan also would: Offer temporary tax relief to free up capital for companies to lend one another. Temporarily suspend dividend payments by financial institutions. Require participating firms to disclose to the Treasury Department the value of mortgage assets on their books, private bids on them in the past year and their last audit reports. Forbid government-sponsored mortgage giants Fannie Mae and Freddie Mac from issuing securities on unsound mortgages. Require the Securities and Exchange Commission to investigate the performance of credit-rating agencies.
[Associated
Press;
Copyright 2008 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
News | Sports | Business | Rural Review | Teaching & Learning | Home and Family | Tourism | Obituaries
Community |
Perspectives
|
Law & Courts |
Leisure Time
|
Spiritual Life |
Health & Fitness |
Teen Scene
Calendar
|
Letters to the Editor